There is a set amount of GOLD on earth whether we know it or not, because earth is a finite planet.
2% inflation a year is a massive loss in purchasing power in 10 to 30 years, this is why gold can't protect you against inflation. Again Bitcoin is the fix to the very long old inflation problem. Going back to tail emission is a downgrade to humanity.
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tail emission doesn't necessarily mean changing the real suppy except up and down a bit to make a smooth curve in the 4 year cycle
but it's stupid anyway. the tail is 2140. by then the precision will be at least 128 bits and there will be a whole 300 years more of fractional sats
Gold has retained its purchasing power despite 1-2% annual supply inflation for an extremely long time.
although its hard to assess the current valuation because the price is artificially suppressed with paper gold.
the only problems with gold are divisibility and transportation.
yes Bitcoin fixes those.
supply inflation isnt a problem that needs to be fixed.
arbitrary money creation by centralized parties is a problem that needs to be fixed.
the number of monetary units doesn't matter. as long as monetary policy is known and unchangeable, linear growth is better than a fixed supply.
Right, but even if tail emission were to be a thing it CANNOT make a smooth curve for any good outcomes. Even in an idealistic scenario it doesn't work because it messes up the entire free market structure and misallocates capital.
The best supply issuance curve is the one we have right now, the Satoshi created, it's working perfectly fine. I don't think humans of today can make it better, not in a million years.
The only people who want to change it are people who want free money they don't work for in expense of everyone else.
